115 Southport Rd - Medical CONDO FOR SALE


Spartanburg, SC 29306
$620,000 USD
864-357-1136
115 Southport Rd, Spartanburg, SC for Sale
$620,000 USD
Medical CONDO - FOR SALE
1/1
1,980 SF | 7% Cap Rate

115 Southport Rd
Spartanburg, SC 29306


HIGHLIGHTS

  • Two fully leased office condominiums in a professional park.
  • Prime frontage along Southport Road for maximum visibility.
  • Strong 7% cap rate with stable local tenants.
  • Third-party management ensures hassle-free ownership.
  • Minutes from downtown Spartanburg and major business corridors.

OVERVIEW

115 Southport Road offers a rare chance to acquire two fully leased office condominiums in a well-established professional office park. Positioned prominently along Southport Road, these front-row units provide excellent visibility and accessibility, making them highly desirable for tenants and investors alike. Each unit spans approximately 1,980 square feet and is occupied by stable local businesses, ensuring consistent rental income and minimal turnover. This investment delivers a strong 7% cap rate and includes professional third-party management overseeing all common areas, reducing operational responsibilities for ownership. Located just minutes from downtown Spartanburg, the property benefits from proximity to major business hubs, retail centers, and regional thoroughfares, enhancing its long-term value proposition. Spartanburg’s economic growth, coupled with its expanding professional services sector, positions this asset as an attractive addition to any portfolio. With established tenants, low vacancy risk, and a strategic location in a thriving market, 115 Southport Road represents a secure and profitable investment opportunity.

FOR SALE DETAILS

PRICE

$620,000 USD

CAP RATE

7%

# OF UNITS

2

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

C & D

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

3,930 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

Unzoned

APN/PARCEL ID

6-25-00-412.00,6-25-00-413.00

ASK ABOUT THIS PROPERTY

Michael TanbonliongSpencer Hines PropertiesMore Info
864-357-1136

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Michael TanbonliongSpencer Hines PropertiesMore Info
864-357-1136

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.